TRENDS
Go First: None of the 2278 employees on rolls are reporting for work, RP tells Delhi HC
RP's affidavit is a response to a contempt petition filed by a lessor to the airline alleging that RP was not permitting inspection of their aircraft as well as not maintaining them as per the directions of the court
TRENDS
Jet Airways: NCLAT reserves judgement on JKC's challenge to NCLT order on aircraft sale
In October 2022, NCLT directed the committee to "reinitiate the process and conclude the sale of the aircraft after taking into consideration the applicant as one of the eligible bidders"
TRENDS
NCLT defers insolvency hearing as SBI, PC Jeweller explore settlement options
The NCLT was informed on December 11 that PC Jewller has approached SBI with an offer to settle the dispute
TRENDS
Insolvency: SC issues notice to 2 Essel group firms on IDBI Trusteeship’s plea
Cyquator Media Services and Direct Media Distribution have been given four weeks by the Supreme Court to respond to the notices
TRENDS
Article 370 | Judgment approves correction of historical blunder: Senior advocate Rakesh Dwivedi
Dwivedi, who defended the abrogation of Article 370 said "The judgement is historic and settles controversy so that all move on with new spirit to rebuild Kashmir."
TRENDS
Article 370: Justice Kaul suggests setting up of 'truth and reconciliation commission' in J&K
The commission should look into the acts of violation of human rights by both state and non-state actors since 1980s, Justice Sanjay Kishan Kaul has said
POLITICS
Article 370 verdict: SC upholds abrogation of Article 370 in J&K, orders elections by Sept 2024
The top court says Article 370 was temporary and the state of J&K does not retain an element of sovereignty. It also orders J&K’s statehood to be restored as soon as possible.
TRENDS
MC Explains: What is Article 370? What was argued in Supreme Court for and against its abrogation?
While the government contended that Article 370 was a temporary provision, the challengers to the move argued it could not have been done without the consent of the constituent assembly of the state.
TRENDS
SC refuses to entertain Chanda Kochhar's plea against ICICI Bank on retirement benefits
In May 2023, a division bench of the Bombay High Court upheld the order of a single judge rejecting her interim application seeking post retirement benefits from ICICI bank.
TRENDS
JKC files appeal against NCLT order directing sale of Jet Airways aircraft
The sale process was put on hold in November 2022 owing to a deadlock in the monitoring committee comprising representatives of the financial creditors, JKC and the resolution professional
BUSINESS
NCLAT stays CCI penalty on NTPC for non-disclosure of stake purchase in Ratnagiri Gas
NTPC acquired equity shares of RGPPL in 2020 from its lenders in lieu of some repayment, as a result of this acquisition, its share capital in Ratnagiri Gas increased from 25.98 percent to a little over 60 percent
TRENDS
Google Vs Startups: Google withdraws plea against order on CCI probe into billing system
According to Google, the single judge's order was passed at a time when CCI did not have quorum to hear the pleas by startups, however CCI now has a quorum and has been hearing the plea by start ups.
TRENDS
SpiceJet clears part of dues to Celestial Aviation, NCLT grants till Jan 18 to finalise settlement
The case is now likely to come up for hearing on January 18 where SpiceJet and Celestial are expected to tell NCLT on the status of the settlement.
TRENDS
Legal experts laud SC decision on ‘Group of Companies’ Doctrine, say it gives much-needed clarity to arbitration
By vesting the authority to decide on a group of companies with the arbitral tribunal, the Supreme Court has given greater powers to the process of arbitration, say experts, and also removes any confusion on who can be party to a dispute
TRENDS
No settlement in cheating case relating to Hero Motocorp's Pawan Munjal, HC to hear case in January
The HC is now likely to hear the case on January 24, interim stay against the proceedings will continue till then.
TRENDS
Zee-Sony merger: NCLAT defers hearing of appeals by Axis Finance, IDBI Bank to December 15
The NCLT had on August 10 approved the merger of Zee Entertainment and Culver Max Entertainment, previously Sony Pictures Networks India, paving the way for the creation of a $10-billion media giant in the country
TRENDS
SC upholds application of 'group of companies doctrine' in Indian arbitration law
According to the doctrine, a non-signatory to an arbitration agreement could be made party to an arbitration dispute if they are a member the group of companies.
BUSINESS
Union Budget@10: Has Modi government delivered on Ease of Doing Business promise?
The government has struck down more than 2,000 British-era laws, ended more than 40,000 compliances, and introduced showpiece legislations like IBC and GST but the effective implementation of several laws remains less than satisfactory.
LEGAL
SC halts practice of circulating adjournment slips till December 15
However, adjournment will be granted by the court in case of genuine difficulty, the notification read.
TRENDS
Delhi HC seeks Go First’s response to aircraft lessor’s contempt plea
The RP has been directed to file a response in the form of an affidavit by December 10. The court further directed that its orders directing maintenance of the aircrafts and other parts need to be followed
TRENDS
Cash-for-query row: Delhi HC defers Mahua Moitra's defamation suit to December 11
Moitra’s lawyers argue that social media attacks persist despite filing the lawsuit, emphasizing the need for an urgent interim order.
TRENDS
NCLT rejects Willis Lease finance's insolvency petition against SpiceJet
SpiceJet had questioned the maintainability of Willis' plea on the ground that they had filed similar plea earlier this year but chose to withdraw the same owing to certain technical defects
TRENDS
GAIL, ArcelorMittal Nippon Steels settle LNG supply dispute; end litigation
The lawyers for both ArcelorMittal Nippon Steels and GAIL told the court that a settlement had been reached by the last week of November and the terms of the settlement have been recorded in an agreement
TRENDS
SpiceJet making payments to Credit Suisse dues following court order, lawyers tell SC
The court however made it clear that it would continue to monitor the loan repayment and would not dispose off the case.
